Harvest Fund Management Co. Ltd purchased a new position in OppFi Inc. (NYSE:OPFI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,189 shares of the company's stock, valued at approximately $231,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of OPFI. Quadrature Capital Ltd acquired a new stake in OppFi in the third quarter valued at about $60,000. Jane Street Group LLC boosted its stake in shares of OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after purchasing an additional 5,795 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of OppFi during the 3rd quarter valued at approximately $136,000. JPMorgan Chase & Co. increased its position in OppFi by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after purchasing an additional 26,742 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in OppFi during the 4th quarter worth approximately $195,000. Institutional investors and hedge funds own 7.10% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on OPFI shares. Citizens Jmp cut shares of OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 target price on OppFi in a report on Thursday, March 6th. Finally, JMP Securities lowered OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th.
Check Out Our Latest Analysis on OPFI
OppFi Stock Down 7.1 %
Shares of OPFI stock traded down $0.77 during trading hours on Wednesday, hitting $9.98. 1,531,959 shares of the company's stock traded hands, compared to its average volume of 737,059. OppFi Inc. has a 12 month low of $2.35 and a 12 month high of $17.73. The stock has a market cap of $861.89 million, a PE ratio of 62.35 and a beta of 1.63. The stock's 50 day simple moving average is $11.70 and its 200 day simple moving average is $8.17.
OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. During the same period last year, the company earned $0.10 EPS. As a group, equities research analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.
OppFi Dividend Announcement
The business also recently announced a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be issued a $0.25 dividend.
Insider Activity at OppFi
In related news, Director David Vennettilli sold 43,238 shares of OppFi stock in a transaction on Friday, March 7th. The shares were sold at an average price of $9.45, for a total transaction of $408,599.10. Following the completion of the transaction, the director now owns 90,762 shares of the company's stock, valued at $857,700.90. This trade represents a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodore G. Schwartz sold 79,762 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.13, for a total transaction of $728,227.06. Following the sale, the director now directly owns 186,737 shares in the company, valued at $1,704,908.81. This trade represents a 29.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 397,691 shares of company stock worth $3,717,610 over the last ninety days. Insiders own 84.00% of the company's stock.
About OppFi
(
Free Report)
OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.
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